Top 5 Projects in Nigeria

Apr 1, 2021 | Nigeria, Oil and gas, Transport

Nigeria has more than $160 billion of projects currently under construction. The top 5 projects consist of three refineries and two railway projects with a combined estimated cost of $54 billion.

Top 5 Projects in Nigeria

Nigeria has more than $160 billion of projects currently under construction. The top 5 projects consist of three refineries and two railway projects with a combined estimated cost of $54 billion.

With more than 200 million people, Nigeria is the most populous country in Africa and, with a Gross Domestic Product (GDP) of close to $450 billion, the largest economy on the continent. That said, it only occupies the fifteenth position on GDP per capita rankings. 

Developing infrastructure and creating jobs is a top priority for the Nigerian government. According to ABiQ Business Intelligence, there is more than $220 billion worth of active projects. $160 billion is under construction and a further $60 billion on the drawing board, of which $8 billion are in the tender stage. 

The top 5 projects in Nigeria that are currently under construction include three refineries and two railway projects. 

Dangote Lekki Refinery and Polypropylene Plant

Dangote Refining is the developer of this $12 billion project, and the main contractor is Engineers India Limited.  The lead financiers on the project are Standard Chartered Bank and Africa Finance Corporation.

Nigeria LNG Train 7 Project

Nigeria LNG Limited is the developer of the $12 billion LNG Train 7 projects.  SCD JV Consortium is the main contractor using technology licensed by Siemens AG.

Azikel Oil Refinery

The Azikel Oil Refinery is another $12 billion project developed by Azikel Petroleum Limited.  It is a 12,000 barrel per day hydro skimming refinery with McDermott as the main contractor and the Export-Import Bank of India as one of the lead financiers.

Lagos-Calabar Coastal Railway

The $11 billion Lagos to Calabar standard gauge line is more than 1,400 kilometres long and will connect Port-Harcourt to Calabar and have 22 stations. China Civil Engineering Construction Corporation is the main contractor, and The Export-Import Bank of China arranged the finance.

Lagos – Kano Railway

Developed over several phases and only phase 1 complete, the $6.6 billion 2,733-kilometre project has China Civil Engineering Construction Corporation as the main contractor. The Export-Import Bank of China provides most of the finance for the project.

For more information on these projects or to request a free demonstration, please click here.

Still have questions?

Our team is ready to help.

Get access to trusted and valuable data to inform your business decisions and open opportunities for growth.